ETH Price Flashpoint: Whales Pile In & ETF Exodus Triggers Fear of $4,500 Bounce… or Breakdown
What’s Rolling:
$148M in ETH just dropped into exchanges by whales in a snapshot—classic red flag.
ETH ETFs dumped $196.6M on August 18, their second-biggest one-day outflow.
But flows didn’t stop—by Aug 19,ETF redemptions surged to $422M, igniting liquidations worth $173M, tipping ETH to $4,063.
Still, a strong support zone around $4,150–$4,200 held—and we’ve seen a modest recovery.
Indicators & Sentiment:
RSI climbing—suggests sellers may be tiring.
MACD/oscillators teetering—could pitch either direction.
Analysts: Tom Lee sees floor >$4,075, then some upside to $5,100.
But break below $4,100? Could open path to $4,000—or lower.
Fed watchers: Macro will set tone. A dovish pivot could spark rebound; hawkish stance might fuel more drops.
Bottom Line:
Downside: If outflows continue and macro nav doesn't shift, ETH could test $4K territory soon.
Upside: If support holds and capital returns, bounce toward $4,500—or higher—is entirely plausible.
#MarketPullback #Ethereum #BinanceHODLerPLUME #ETHInstitutionalFlows
